Cryptocurrency regulation took center stage during this week’s Republican presidential debate, broadcasted on November 30th. When queried about his crypto-friendly policies, candidate Vivek Ramaswamy strongly censured the current oversight regime’s shortcomings and power overreaches.
Keypoints
- US presidential candidate Vivek Ramaswamy criticized the current crypto regulatory framework during a Republican debate
- He called out SEC chair Gary Gensler for failing to tell Congress whether Ethereum is a security
- Ramaswamy said regulators have failed to prevent fraud, citing FTX as an example
- He pledged to reduce federal bureaucracy by 75% and shut down unnecessary agencies if elected
- Fellow candidate Ron DeSantis also spoke against central bank digital currencies, saying he would reject them
Ramaswamy first responded to a debate question premised on a skeptical view of cryptocurrencies enabling illicit financing. While…
